I'm sure that more cuts are on the way. Having a breadth of products works well for software that's distributed in a non-SaaS model. Now, that they have embraced a subscription model, expect narrowing the product suite.
It's sad that so many software companies think it's a good idea to sell a "service" and not a tangible copy of bits and bytes.
It's less hassle to buy CS6 once and be done with it and upgrade when you want to, rather than keep renewing subscriptions and be faced with product changes you may not necessarily like or want.
I had CS5 Production Suite for Windows. I had to change my editing rig to OS X but at the time CS 6 had already come out and Adobe only was doing the OS-switching on the current version of the release of their software. So, they got me, and I had to do the creative cloud for $70/month (I didn't want to commit for the year).
I'm now waiting for the Final Cut Pro X/Motion to go on sale again, and wil be paying a one time fee of $250-$350 for Apple's editing solution. (I'm hoping I can get by on FCP, since the price is definitely appealing).
So, it might be "less hassle" or not...but it's definitely better for predictable revenues selling a monthly/yearly subscription, especially with the lack of tangible competition for some of the products.
